Strategic Action Prior to Insolvency

If you’re an accountant or lawyer with a client facing formal insolvency, Lightspeed can help them navigate the process with ease and clarity. In a situation where they have limited options and little influence, we may be able to support them in regaining a sense of control.

Why timing matters

An inability to pay creditors poses substantial business risks, and these circumstances cause chronic stress for all parties involved. Acting early – while options still exist – generally produces better outcomes than acting once formal processes are underway.

Many of our clients seek our services in order to resolve financial difficulties their business is experiencing. If your client is in a difficult situation, we can offer sound knowledge and clarity on their options, a means of funding, and a strategy that may help save the business.

How we may be able to assist

• Funding to pay down creditors and relieve immediate pressure
• Solutions for outstanding ATO debt where deadlines are pressing
• Finance secured by first or second mortgage where bank refinancing timeframes are too slow
• Working capital to keep trading while a longer-term solution is arranged
• Completion funding so a stalled development can be finished and realised

We have vast experience across many industries and business structures, and can support complex situations. See our scenarios for examples.

Discuss a client matter confidentially

Call us to talk through a client’s position before formal steps are taken.

Get in touch 1300 133 406

See also how we can help your clients.